Benzinga | Aug 19, 2021 09:51AM EDT

Xcel Energy Appoints Bob Frenzel As CEO

* Xcel Energy Inc (NASDAQ:XEL) has appointed Bob Frenzel as its president and CEO. The current chairman and CEO Ben Fowke to remain at Xcel Energy as executive chairman of the board.

* Frenzel joined Xcel Energy as CFO in 2016. He was named president and chief operating officer in March 2020.

* Additionally, the company named Tim O'Connor as the executive vice president and chief operations officer. He has served as Xcel Energy's EVP and chief generation officer since 2020.

* Price Action: XEL shares traded higher by 1.00% at $70.03 on Thursday.